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UN Global Food Price Index skids lower, CCP commits to providing support to Chinese economy and Speaker Johnson suggests CR...

Corn and soybeans favored the upside overnight, while wheat saw some profit taking, though went into the break well off session lows.

Corn, soybeans and wheat held in relatively tight trading ranges overnight ahead of USDA’s December crop reports later this morning.

After the Bell | December 7, 2023

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Corn and soybeans are expected to open lower, with wheat likely to see a mildly varied start (winter wheat markets lower, spring wheat higher) to daytime trade.

Corn sales during week ended Nov. 30 totaled 1.3 MMT, while shipments reached a marketing-year high. Soymeal and soyoil shipments during the week also notched marketing-year highs.

Early seller interest faded overnight, with corn, soybeans and wheat all trading solidly higher early this morning.